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I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

 
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6 Replies
AmyT
New Member

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

Was this money that your father paid you, or was it paid by someone else?

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

paid by father
AmyT
New Member

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

Does he plan to claim a deduction for the expense?

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

no

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

no he doesn't file income tax
AmyT
New Member

I have $6000.00 dollars of income from taking care of my father. we need to claim it as income and do not have a 1099 for it. Received as monthly cash payment.

One way to handle these funds would be for you and your father to agree that this is a gift.  Since the total amount is below the reporting threshhold for gifts (which is $14,000), there would be no reporting or tax consequences to either you or him.  

This would be the simplest way to handle this and would provide the best tax result to you without creating any problems or additional reporting for your father.

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